Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Lawton Water Authority (Authority) received approval for a $39,000,000 loan on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s dam infrastructure. Construction of upgrades and improvements to the dams will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority oversees the Gondola Lake, Lake Ellsworth, and Lake Lawtonka Dams, with the latter two lakes providing water to the City of Lawton and Comanche County.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $11,108,500 compared to traditional financing. The CWSRF loan will be secured with a lien on the revenues of the Authority’s water, sewer, and sanitation services.
